There have been some impressive claims about the real estate market in August, but there is a sharp dividing line between McLean 22101 and 22102. Yes, 22101 saw some good real estate sales numbers. The strength of the McLean home market is its strategic location keeping this area in demand since access to D.C., Tyson’s, Arlington plus Dulles and National Airports is excellent, but the price point still averages above $900k.
Numbers for 22101:
- Total Units Sold in August 2009, 42 vs. 40 in 2008 (up 5.00%)
- Average Sold Price in August 2009, $1,035,690 vs. $960,431 in 2008 (up 7.84%)
- In the $700,000 to $799,999 range, 6 sold with 16 active listings
- In the $800,000 to $899,999 range, 4 sold with 12 active listings
- In the $900,000 to $999,999 range, 6 sold with 14 active listings
- In the $1,000,000 to $2,499,999 range, 16 sold with 120 active listings
- In the $2,500,000 to $4,999,999 range, 1 sold with 15 active listings
- Average days on market in August 2009 was 93 vs. 105 in 2008
- The average sold price in 2009 was 93.46% of the average list price
Numbers for 22102:
- Total Units Sold in August 2009, 25 vs. 27 in 2008 (down 7.41%)
- Average Sold Price in August 2009, $599,160 vs. $1,050,865 in 2008 (down 42.98%) **
- In the $700,000 to $799,999 range, 1sold with 5 active listings
- In the $800,000 to $899,999 range, 2 sold with 6 active listings
- In the $900,000 to $999,999 range, 3 sold with 5 active listings
- In the $1,000,000 to $2,499,999 range, 3 sold with 61 active listings
- In the $2,500,000 to $4,999,999 range, 0 sold with 33 active listings
- In the $5,000,000 & Over range, 0 sold with 8 active listings
- Average days on market in July 2009 was 91 vs. 118 in 2008
- The average sold price in 2009 was 90.51% of the average list price
**This zip code reflects some extremes in pricing as there were 14 sales under $500k and 3 sales over $1. million. The McLean home market includes condominiums in all price ranges.
